National Business

ARLINGTON, Va. (AP) — All 64 people aboard an American Airlines jet that collided with an Army helicopter were feared dead in what was likely to be the worst U.S. aviation disaster in almost a quarter century, officials said Thursday.

TORONTO — Canada's main stock index was up more than 300 points in late-morning trading in a broad-based rally with strong gains in technology and base metal stocks. The S&P/TSX composite index was up 357.97 points at 25,831.27.

WASHINGTON (AP) — A humming American economy ended 2024 on a solid note with consumer spending continuing to drive growth, and ahead of what could be a significant change in direction under a Trump administration.

TORONTO — Walmart Canada says it will spend $6.5 billion over the next five years as it opens dozens of new stores.

Progressive Conservative Leader Doug Ford says if re-elected, he will honour the province's commitment to the electric vehicle sector should U.S. President Donald Trump end a subsidy program. Trump has said the U.S.

FRANKFURT, Germany (AP) — The European Central Bank cut its key interest rate on Thursday to boost an economy that’s struggling to grow as consumers burned by inflation warily eye price tags and businesses try to navigate political turmoil in leading

As the price of just about everything has risen over the past few years, Canadians looking to rein in their spending usually turn to discretionary costs first.

TORONTO — Rogers Communications Inc. reported a fourth-quarter profit of $558 million, up from $328 million a year earlier, as its revenue edged higher. The company said its profit amounted to $1.02 per diluted share for the quarter ended Dec.

CALGARY — Shell Canada Ltd. is exiting the oilsands in a deal with Canadian Natural Resources Ltd. that will see it increase its stake in the Scotford upgrader and Quest Carbon Capture and Storage facility.

MISSISSAUGA, Ont. — Chartwell Retirement Residences has signed a deal to buy a retirement residence complex in Montreal for $136 million.